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Do Polish non-financial listed companies hold cash to lend money to other firms?
cris.lastimport.scopus | 2024-02-12T20:31:07Z |
dc.abstract.en | This paper aims to identify factors influencing Polish non-financial corporate lending to other entities starting from the recognition motives and sources of cash holdings. The research analyzed panel data of 754 non-financial companies listed on the Warsaw Stock Exchange with use of tobit panel and generalized least squares method. Cash holding is motivated by a transaction motive, a protection against risk by the use of derivatives, investment opportunities and lending money. Non-financial companies try to step into the shoes of financial institutions by lending using money gained from their cash flow, especially when they have long-term investments. |
dc.affiliation | Uniwersytet Warszawski |
dc.contributor.author | Białek-Jaworska, Anna |
dc.date.accessioned | 2024-01-24T22:13:31Z |
dc.date.available | 2024-01-24T22:13:31Z |
dc.date.issued | 2017 |
dc.description.finance | Nie dotyczy |
dc.identifier.doi | 10.18559/EBR.2017.4.6 |
dc.identifier.issn | 2392-1641 |
dc.identifier.uri | https://repozytorium.uw.edu.pl//handle/item/105316 |
dc.language | eng |
dc.pbn.affiliation | economics and finance |
dc.relation.ispartof | Economics and Business Review |
dc.rights | ClosedAccess |
dc.sciencecloud | nosend |
dc.title | Do Polish non-financial listed companies hold cash to lend money to other firms? |
dc.type | JournalArticle |
dspace.entity.type | Publication |